CNG Price Hike: This Saturday morning itself, common people have got a big shock of inflation. Amidst the continuous increase in the prices of petrol and diesel in Delhi-NCR, CNG has also become expensive. After the price of petrol and diesel increased for the third time in 10 days, common people have got a double dose of inflation. Once again the price of CNG has been increased by Re 1 per kg in Delhi. Yesterday the rate of CNG was 80.09 paise, today it has become 81.09 paise. After the implementation of the new price, now the price of CNG in Delhi has become Rs 81.09 per kg.

Let us tell you that the prices increased for the third consecutive time in the last 10 days. Earlier on May 15, CNG had become expensive by Rs 2 per kg and then on May 17, it was increased by Rs 1 per kg. Now once again due to increase in prices, the impact on people’s pockets is clearly visible.

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Higher prices in Noida-Ghaziabad

Apart from Delhi, the price of CNG has reached Rs 89.70 per kg in Noida, Ghaziabad and Greater Noida. If we talk about Gurugram, Haryana, customers will have to pay Rs 86.12 for one kg CNG. Whereas in Ajmer, Rajasthan, the rate of CNG has reached Rs 90.44 per kg, which is considered to be the record level till now. Auto, cab, taxi and private vehicle drivers will be most affected by the increase in CNG prices.

Impact of Middle East crisis

Experts say that the main reason for the continuous increase in the price of CNG is the increasing energy crisis in the international market. Due to the ongoing tension in the Middle East, the supply of gas and oil has been affected. This is affecting the markets all over the world. Now the oil companies are gradually passing the burden of rising costs onto the common people.

Oil companies are facing huge losses

Government oil companies like Indian Oil, Bharat Petroleum and Hindustan Petroleum are facing huge losses these days. According to reports, these companies are incurring losses of approximately Rs 1 thousand crore every day. Also, companies are purchasing crude oil and gas from the international market at expensive prices, but due to not getting permission from the government to increase prices for a long time, they had to suffer losses.

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Impact on common people will increase

Let us tell you that the effect of CNG becoming expensive will not be limited only to the drivers. This may also impact the prices of everyday items due to increase in the cost of auto, taxi and transport. In such a situation, there is a possibility of inflation increasing further in the coming time.